In college I was taught in Economics 101 that protectionism simply just doesn't work. If this is true however, then why is it that China has about twice the amount of economic growth per year than America - seeing as how China applies so much protectionism to their economic policies?
And furthermore, why is it that the sector of the American economy which is historically the most ideologically opposed to protectionism - the financial sector - so successful at securing protectionist bailouts for themselves whenever they fuck shit up beyond repair?
Does anybody else find this anti-protectionist rhetoric which spews forth from the mouths of Wall Street Economists to be, oh I don't know, complete-and-utter hypocritical nonsense bullshit?
Could it be that we're being lied to?
Perhaps they should rewrite Economics textbooks to say that protectionism doesn't work - until shit hits the fan. Or perhaps they should just stop pretending that protectionism doesn't work - you know - for the sake of reality.
Hey what do you call an Economics student that graduates last in his class? You call them an Economist.
But what do you call a college dropout who majored in Economics but wasn't smart enough to hack it through college? Well you call them an employee of Rupert Murdoch of course!
I see what you are trying to say here and the majority of politicians didn't take a single business class yet we have them running are government. We need a savior who understands the economy for what it really is.
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